Looking to balance out your exposure to UNM? The ETFs below have the lowest correlation with UNM — they tend to move on their own, which can help reduce risk when UNM drops. The stock ideas table highlights individual companies that behave independently from UNM.
Best Diversifiers for UNM
15 ETFs have low correlation with UNM (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.01 | 0.09 | 0.21 | 96 | Semiconductors, Technology Equities | UNM vs SMH | |
| Franklin FTSE Taiwan ETF | 0.05 | 0.11 | 0.23 | 96 | Asia Pacific Equities | UNM vs FLTW | |
| iMGP DBi Managed Futures Strategy ETF | 0.10 | 0.13 | 0.14 | 83 | Systematic Trend | UNM vs DBMF | |
| iShares MSCI Netherlands ETF | 0.12 | 0.19 | 0.31 | 51 | Europe Equities | UNM vs EWN | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.16 | 0.17 | — | 74 | Nasdaq-100, Derivative Income | UNM vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UNM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UNM and solid risk/return profiles. The least correlated is ASE Technology Holding Co., Ltd. (ASX) (Technology) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASE Technology Holding Co., Ltd. | -0.14 | 0.06 | 0.18 | 99 | Technology | |
| Eli Lilly and Company | -0.08 | 0.06 | 0.09 | 72 | Healthcare | |
| NVIDIA Corporation | -0.08 | 0.01 | 0.13 | 78 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.07 | 0.05 | 0.16 | 95 | Technology | |
| Celestica Inc. | -0.06 | 0.11 | 0.25 | 94 | Technology |
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